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CBO Projects Long-Term Slowing of US GDP Growth Rate
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CBO Projects Long-Term Slowing of US GDP Growth Rate

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Demography Unplugged
Oct 12, 2020
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CBO Projects Long-Term Slowing of US GDP Growth Rate
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According to the latest CBO budget outlook, annual economic growth is expected to be just 1.6% annually over the next 30 years. This would be the lowest growth since the 1930s, which the report attributes to persistently low birthrates, slowing labor productivity growth, and ballooning federal debt. 

—The Wall Street Journal

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